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Question : Case Study 8: Entrepreneurial Innovation

Rohan, a young entrepreneur, noticed the difficulty faced by elderly citizens in his neighborhood while accessing healthcare facilities. He developed a mobile app that connects senior citizens to healthcare professionals who provide home care services, ensuring convenience and quality care for the elderly.

Question:

Rohan's app provides an example of:

Option 1: Traditional business model
 

Option 2: Technological regression
    

Option 3: Entrepreneurial innovation

   

Option 4: Stock market investment


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

Correct Answer: Entrepreneurial innovation

   


Solution : The correct answer is (c) Entrepreneurial innovation

Rohan's development of a mobile app that addresses the needs of elderly citizens by connecting them to healthcare professionals for home care services exemplifies entrepreneurial innovation. The use of technology to solve a specific problem in a novel way is a hallmark of entrepreneurial innovation.

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